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Bank of England keeps powder dry before guidance announcement

From reuters.com

The Bank of England made no changes at its second policy meeting under its new governor, Mark Carney, which ended on Thursday, keeping interest rates at 0.5 percent and leaving its bond-buying programme on ice. The bank also made no announcement about an expected shift in strategy to help Britain's economic recovery, under which it could start providing guidance on how long interest rates are likely to stay at their record low. Finance minister George Osborne has asked Carney and the rest of the BoE's policymakers to report to him next Wednesday - at the same time as the bank's quarterly economic update - on the ... (full story)

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